XERI
Xeriant, Inc.0.0100
-0.0010-9.09%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.90MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q3 FY2025 results
Xeriant narrowed its Q3 FY2025 net loss to $530K from $384K a year earlier, while YTD through March 31, 2025, the loss shrank to $1.3M from $1.9M, driven by lower research costs and no repeat of prior default interest hits. Operating expenses climbed 30% y/y to $459K in the quarter, fueled by advisory fees for new nanomaterials experts, yet R&D dropped sharply as testing wrapped up. Cash dwindled to $54K after $1.1M YTD burn, offset by $517K in convertible notes; total debt stands at $7.6M, including a $5.9M defaulted senior note. Ongoing litigation with XTI Aircraft over a terminated JV could yield upside but drags resources. Litigation clouds the runway.
8-K
Board shakeup adds coatings expert
Xeriant, Inc. saw Edward DeFeudis resign from its board effective March 31, 2025, with no disagreements cited. Mark Sternberg, a board advisor since January, stepped in as director that day, bringing 30 years of nanomaterial patents and coatings expertise from his CEO role at an industrial firm. His package includes 1,000,000 vesting shares, $2,500 per meeting, and $25,000 annual stock grants. This swap bolsters tech innovation muscle.
10-Q
Q2 FY2025 results
Xeriant narrowed its operating loss to $335,583 in Q2 FY2025 ended December 31, 2024, from $339,943 a year earlier, while YTD operating loss widened slightly to $694,378 from $658,833 amid ramped-up R&D for NEXBOARD panels. Net loss improved sharply to $417,269 quarterly and $789,491 YTD, versus $1.2M and $1.5M last year, thanks to lower interest expense on defaulted debt. Cash dipped to $254,195 after $751K YTD burn, offset by $352K from bridge notes; total debt stood at $7.996M including $5.9M in default to Auctus, with $480K converted to stock. Ongoing litigation against XTI Aircraft seeks over $500M in damages for alleged breaches. Yet cash lasts three months. Litigation outcomes remain uncertain.
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